Blue star foods announces pricing of $5 million public offering

Miami, fl, sept. 07, 2023 (globe newswire) -- blue star foods corp., (“blue star,” the “company,” “we,” “our” or “us”) (nasdaq: bsfc), today announced the pricing of its public offering of an aggregate of 10,741,139 shares of its common stock (or common stock equivalents), together with accompanying common stock warrants, at a public offering price of $0.4655 per share (or common stock equivalent) and accompanying warrants. each share of common stock (or common stock equivalent) is being offered in the offering together with a series a-1 warrant to purchase one share of common stock at an exercise price of $0.4655 per share and a series a-2 warrant to purchase one share of common stock at an exercise price of $0.4655 per share. the series a-1 warrants will be exercisable beginning on the effective date of stockholder approval of the issuance of the shares issuable upon exercise of the warrants and will expire five years thereafter, and the series a-2 warrants will be exercisable beginning on the effective date of stockholder approval of the issuance of the shares issuable upon exercise of the warrants and will expire eighteen months thereafter. total gross proceeds from the offering, before deducting the placement agent's fees and other offering expenses, are expected to be approximately $5 million.
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